IFC Security definition

IFC Security means the security created by or pursuant to the Security Documents to secure all amounts owing by the Borrower to IFC under this Agreement and the other IFC Financing Documents to which it is a party;
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IFC Security the security created by or pursuant to the Security Documents to secure all amounts owing by the Borrower to IFC under this Agreement;
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IFC Security first ranking mortgage over Da Barra’s sugar mill plant and first ranking pledges of Da Barra’s movable assets, all acceptable to IFC;
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Examples of IFC Security in a sentence

  • IFC to be named as (i) loss payee on policies insuring assets forming part of the IFC Security and on business interruption policies and (ii) an additional named insured on liability policies (other than those in section 3 of this Annex).

  • The IFC Security shall be created and the Borrower shall comply with all requirements set forth in Section 3.01 (Approvals) and Section 3.02 (Registrations) of the Equity Pledge for the perfection of the IFC Security as a first ranking security interest in all assets and rights subject to the Security Documents within 9 months of the date of this Agreement.

  • The Borrower shall cause the Liens granted to IFC under the IFC Security Documents to be fully released, cancelled and such release and cancellation to be filed for registration with the appropriate Governmental Authorities in accordance with Applicable Law in Peru no later than ten (10) Business Days after the Borrowing Date.


More Definitions of IFC Security

IFC Security the security, with a book value (a) on the date of the disbursement of the C Loan, of no less than one and one-half times the amount of the C Loan and (b) on the date of the first Disbursement, of no less than one and one-half (1.5) times the aggregate amount of the A Loan and the C Loan, created by or pursuant to the Security Documents to secure all amounts owing by the Co-Borrowers to IFC under this Agreement;
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IFC Security means the security created by or pursuant to the Security Documents to secure all amounts owing to IFC under the IFC Loan Agreement.
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Related to IFC Security

  • Public security means a bond, note, or other obligation for the payment of money, issued by this state or by any of its departments, agencies, institutions, or other instrumentalities, or by any of its political subdivisions.

  • of a Security means the principal of the Security plus the premium, if any, payable on the Security which is due or overdue or is to become due at the relevant time.

  • Synthetic Security A security or swap transaction, other than a Participation Interest, that has payments associated with either payments of interest on and/or principal of a reference obligation or the credit performance of a reference obligation.

  • Quasi-Security means an arrangement or transaction described in paragraph (b) below.

  • LCR Security means any commercial paper or security (other than equity securities issued to Parent or any Originator that is a consolidated subsidiary of Parent under GAAP) within the meaning of Paragraph __.32(e)(viii) of the final rules titled Liquidity Coverage Ratio: Liquidity Risk Measurement Standards, 79 Fed. Reg. 197, 61440 et seq. (October 10, 2014).